The Newcastle local papers are reporting this morning that Newcastle owner Mike Ashley has reportedly snubbed a meeting with potential Arab buyers.
Mike Ashley – said to skip meeting with Zabeel Investments
Mike Ashley is currently in Dubai, accompanied by Dennis Wise and Tony Jimenez, looking for buyers for Newcastle United.
Mike failed to turn up at the meeting because reports suggest that he was offered only £200M for the club.
As we reported yesterday Mike Ashley was reported in the Arabian Business web-site to be asking initially somewhere in the region of £481M for the club, which is close to twice the money he has invested in the club.
The Evening Chronicle reports its understanding was that Dubai-based Zabeel Investments was ready to offer £200M for the club, and a meeting had been set up at the Madinat Jumeirah Hotel.
But Ashley decided not to attend, presumably because the price was not high, but that to us seems very odd, because when you are out there looking for buyers, you attend the meetings set up for you.
Even if the initial offer on the table, may not be to your liking, that’s when negotiations come into play, and where things start at. They’ve got to start somewhere.
We suspect this story may be made up nonsense, since they then go on and say Ashley preferred to visit the bar and talk to the girls – now that is complete nonsense – worthy of the The Sun at its best or worst – whichever way you want to look at it.